Now, these arrangements have come under the baleful eye of IRS enforcement, and they're starting to unravel, with the result that one Sprint exective alone may wind up personally owing more than $100 million in back taxes. And the people who ponied up for these schemes are reacting the way any red-blooded American would --- not by admitting their error, and belatedly ponying up some cash to help maintain the society that has conferred these benefits upon them, but rather by suing the accountants.
The Bush administration, fortunately, does see a problem here. The problem it sees is that these people had to pay large fees to accountants to avoid paying taxes. Which is presumably why they've floated a scheme which would allow the wealthy to shelter their investment income from taxes completely without all those hefty fees.
That's our Dubya --- making it easy for the rich to love their country.
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